Skip to main content

Mega Capital Funding Launches New Non-QM Products, No Ratio DSCR

Feb 08, 2021
Mega Capital Funding Logo
Director of Events

Mega Capital Funding Inc. is joining a host of companies that have rejoined the Non-QM lending business. The return will feature the company's line of Mega Elites Non-QM and DSCR products, according to a press release.

The new product lineup features alternative income documentation products including three and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, according to a press release. The lineup also includes Debt Service Coverage Ratio with 1:1 and no ratio options for investment properties.

This offering will be lead by a team comprised of industry and Non-QM veterans, Brian Na, Rikki Danganan, and Will Fisher.

"With our initial proprietary product offering we’ve set out to focus on a specific segment of Non-QM, that will allow our brokers to provide enhanced solutions and our capital partners to achieve their yield goals," said Brian Na, CEO of Mega Capital Funding.

Want more Non-QM news? Click here to subscribe to NMP's Non-QM newsletter.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Feb 08, 2021
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions

FHFA, Fannie, Freddie Rebrand CSS To U.S. Financial Technology To Boost Recognition, Sell More MBS Services

Meanwhile, FHFA also considering renaming LLPAs for mortgages the GSEs acquire